openPR Logo
Press release

Umbilical Market Expected to Expand at a Steady CAGR through 2024

09-26-2017 05:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Umbilical Market Expected to Expand at a Steady CAGR through 2024

Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect the ends over long distance. Furthermore, some umbilical cables are used to control the operation of subsea production, processing, and injection facilities. Similarly, some umbilical cables provide electric power to control signals to and from system.

Request to view Sample Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13577
The Remote Operated Vehicle (ROV) umbilical communication cables are widely used during the installation of subsea control systems, and operational systems. The umbilical cables are also used to monitor position and functions of subsea installations remotely from offshore platforms or onshore facilities. Similarly, umbilical cables are also used in diving applications to provide life support for the diver. Furthermore, there is a trend of customized product manufacturing as per the end-user requirement. For instance, Technip provides customized umbilical systems and cables for oil and gas industry. In addition, Umbilicals International, Inc. invested in dynamic cable manufacturing to develop high performance cable, hose, and umbilical systems in their Houston, the U.S. production facility. 

The umbilical cables help to cope with the increasing power needs of subsea pumping, compression, and processing equipment. The ROV umbilical cables provide efficient communication without interruptions such as weather or surface traffic. In addition, umbilical cables are more effective as compared to other communication modes such as radio communication or satellite communication. Furthermore, umbilical cables can be operated under harsh environments such as high hydraulic pressures, and turbulent waves. All these factors are expected to drive the global umbilical market over the forecast period till 2024. However, ROV cables are still in improvement phase, and high cost associated with umbilical cables is expected to restrain the large scale adoption of these cables. The umbilical cables can be used in multiple applications such as telecommunication, instrumentation, oil and energy, and other subsea applications, which are expected to provide growth opportunity to the umbilical market in near term. 

The umbilical market is segmented by type, by application, and by geography. By type, the umbilical market is segmented into hydraulic, electro hydraulic, electro-fiber hydraulic, and remote operated vehicle umbilical cables. Based on applications, the umbilical market is segmented into subsea, offshore, onshore, oil and gas, mining, electro-mechanical, and other. On the basis of geography, the umbilical market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Europe and North America have seen significant growth in the umbilical market due to increasing subsea operation and growing manufacturing industry. For instance, Nexans installed two power umbilicals for Chevron Corporation in the Gulf of Mexico. Asia Pacific, and Middle East and Africa are anticipated to witness high adoption of umbilical cables due to increasing demand from oil and energy industry, and increasing power needs by various equipment such as control system, and operation systems. Further, LS Cable & System announced the development of umbilical cables for offshore engineering in Korea.

Witnessing the rapid development and increasing adoption of umbilical cables, various players have entered into the global umbilical market. The major players in this market include Nexans, Prysmian S.p.A., JDR Cable Systems Ltd, Oceaneering International, Inc., Aker Solutions ASA, Technip, Subsea 7 S.A., Parker Hannifin Corp, Actuant Corporation, Tyco Electronic Corporation, Cabling Group, Umbilicals International, Inc., Hydro Group plc, LS Cable & System, and Sound Ocean Systems, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

Request to download and view full ToC -https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=13577

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Umbilical Market Expected to Expand at a Steady CAGR through 2024 here

News-ID: 741380 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for Umbilical

Umbilical Cord Blood Banking Market: Vast Applications of Umbilical Cord Blood i …
Umbilical cord blood banking or cord blood banking is the practice of preserving blood from the umbilical cord for future use. Such preserved cord blood is used in medical therapies in the similar approach as that of stem cells derived from bone marrow. Umbilical cord blood banking is practiced for using the cord blood stem cells for the purpose or re-populating blood and treating various medical conditions. Umbilical cord blood
Umbilical Tapes Market Growth, Trends, Outlook to 2028
During child delivery, either by normal or caesarean procedure there is the threat of bursting or tearing up of blood vessels. This causes life threatening bleeding in the new born babies. Torn blood vessels causes death in at least half of the babies. To prevent this, umbilical tapes and umbilical clamps are used to tie off the umbilical cord during the delivery of new born. Umbilical tapes help to prevent
Global Umbilical Market Report | MarketResearchReports.biz
Latest industry research report on: Global Umbilical Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Increasing concern towards declining crude oil prices coupled with the restoration of mature fields and exploring deep sea oil and gas reservoirs drive the growth of Umbilical Market. Complete Report Details @ https://www.marketresearchreports.biz/reports/717439/global-umbilical-by-type-by-market-research-reports The Global Umbilical Market in Oil and Gas Industry has been growing at a positive rate, on account of
Umbilical Cord Blood Banking Market Outlook
Global Umbilical Cord Blood Banking Market: Snapshot Umbilical cord blood banking or cord blood banking is the practice of preserving blood from the umbilical cord for future use. Such preserved cord blood is used in medical therapies in the similar approach as that of stem cells derived from bone marrow. Umbilical cord blood banking is practiced for using the cord blood stem cells for the purpose or re-populating blood and treating
Umbilical Market - Technological Innovations to Create Lucrative Opportunities
Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect
Global Umbilical Cord Stem Cells Sales Market Report 2021
This report studies sales (consumption) of Umbilical Cord Stem Cells in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Neuralstem NeuroNova AB NeuroGeneration StemCells ReNeuron Limited Asterias Biotherapeutics Thermo Fisher Scientific STEMCELL Technologies Axol Bio R&D Systems Lonza Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=724732&ptitle=Global+Umbilical+Cord+Stem+Cells+Sales+Market+Report+2021&req=Sample Market Segment by Regions, this report splits Global into several key Regions, with sales